T. Rowe Price Group, IncNasdaq: TROW
Financials · Asset Management & Custody Banks
$103.53
+0.63%
Vol: 1.6M
Research Digest
Friday, May 1, 2026
T. Rowe Price Q1 shows 13% EPS growth but $13.7B net outflows; 40th dividend increase
T. Rowe Price announced Q1 2026 results with adjusted EPS of $2.52, up 13% YoY and 3% QoQ. AUM of $1.71 trillion at March month-end (down from $1.80T in February). Firm experienced net outflows of $13.7B but showed strong momentum in target-date, ETF, and alternatives products. ETFs surpassed $25B AUM across 32 funds; Oak Hill Advisors alternatives grew to $112B AUM with $30B+ dry powder. Announced 40th consecutive annual dividend increase to $1.30/share. JPMorgan partnership on tax-smart model portfolios launched. Analyst consensus "Sell" with average 12-month PT of $98, reflecting fee pressure and outflow concerns.
Previous Market Intelligence
13 daysApr 30T. Rowe Price reported Q1 2026 EPS of $2.52 beating estimates of $2.37 but revenue of $1.86B missed forecasts of $1.87B, with AUM down to $1.71T from $1.78T due to $13.7B net outflows.Mixed▶
T. Rowe Price beat earnings expectations with Q1 EPS of $2.52 (vs. $2.37 est.) but missed revenue at $1.86B (vs. $1.87B est.). Assets under management fell to $1.71T from $1.78T at year-end due to $13.7B net client outflows and $52.2B market depreciation. March saw $3.2B in net outflows. Company returned $629M to shareholders through dividends and repurchases. Management noted that market volatility and broadening presents opportunities for active management. Quarterly dividend increased to $1.30 from $1.27. Morgan Stanley lowered PT to $105 from $107.
Apr 29T. Rowe Price reports Q4 2025 EPS miss at $2.44 vs $2.46 forecast; stock drops 3.74% as net outflows reach $13.7B for quarterNegative▶
T. Rowe Price Group reported Q4 2025 adjusted EPS of $2.44 below forecast of $2.46, with revenue meeting expectations at $1.93B, causing pre-market drop to $99.98. March month-end AUM reached $1.71 trillion with net outflows for the quarter of $13.7 billion. Full-year adjusted net revenue grew 2.8% to $7.4B. Company expanded product offerings with 13 new ETFs and closed first private equity fund. Multiple analysts lowered price targets: Evercore ISI to $96 from $99, BMO Capital to $98 from $104, Morgan Stanley to $105 from $107. Analyst consensus rate is "Sell" with 12-month target of $98.
Apr 16T. Rowe Price reported $1.71 trillion in AUM for March 2026 with net outflows of $3.2 billion in the month.Negative▶
T. Rowe Price Group reported month-end assets under management of $1.71 trillion as of March 31, 2026, down from the prior period due to net outflows of $3.2 billion in March and $13.7 billion in Q1 2026. AUM by class: Equity $810B, Fixed Income $215B, Multi-asset $625B, Alternatives $60B. The company will release Q1 2026 earnings on April 30, 2026 at 7:00 AM ET. Multiple analysts recently lowered price targets, including Evercore ISI to $96 from $99 and BMO Capital to $98 from $104. The average analyst rating is Sell with a 12-month price target of $99.17.
Apr 15T. Rowe Price reports March AUM of $1.71T with $13.7B Q1 net outflows; multiple analysts cut price targets.Negative▶
T. Rowe Price reported March assets under management of $1.71 trillion, down from $1.803 trillion in February, with $13.7 billion in Q1 net outflows. The firm launched its first CLO offering. Multiple analysts including Bank of America, Morgan Stanley, and BMO Capital have lowered their price targets. Q1 2026 earnings on April 30.
Apr 14T. Rowe Price reported $1.71T AUM with $13.7B net outflows in Q1; Bank of America cut target to $73 with Underperform.Negative▶
T. Rowe Price reported March 2026 AUM of $1.71T (down from $1.80T) with $13.7B cumulative Q1 outflows. Bank of America lowered target from $83 to $73 with Underperform. Morgan Stanley also cut target to $107 from $115. Launched ROWE CLO 2026-1 ($403.59M). Q1 earnings due April 30.
Apr 13T. Rowe Price launches $403.59M CLO platform while facing multiple analyst price target cuts amid challenging market outlook.Negative▶
T. Rowe Price entered the CLO market with ROWE CLO 2026-1 Ltd., a $403.59M vehicle. Rebranded college savings plan on April 7. Multiple analysts cut price targets: Bank of America to $73 (Underperform), Morgan Stanley to $107, TD Cowen to $93. Q1 2026 earnings due April 30.
Apr 10Multiple Analyst Downgrades; Challenging 2026 OutlookNegative▶
BofA cut to $73 (Underperform), KBW to $95, Goldman to $80 (Sell). Launched $403.59M CLO vehicle. Q1 earnings May 1.
Apr 9Goldman Sachs and BofA cut T Rowe Price targets on cautious outlook; high dividend yieldNegative▶
Goldman Sachs lowered T. Rowe Price target to $80 from $90 (sell rating); Bank of America cut to $73 from $83 on April 5. Company faces -12.22% YTD and -48.34% 5-year returns. Assets under management $1.80 trillion as of February 28, 2026. Q1 earnings season expected. Dividend yield attractive at 6.01%. Analyst consensus "Sell" at $101.36 target per 11 analysts.
Apr 8Bank of America lowers T. Rowe Price target to $73 from $83 on April 5; maintains Sell rating.Negative▶
BofA downgraded TROW April 5, lowering PT to $73 from $83 with Sell. Down 9.6% over 30 days. Renamed college savings to T. Rowe Price 529.
Apr 7T. Rowe Price Reshapes Leadership and Launches OHA Flexible Credit FundNeutral▶
T. Rowe Price expanded global retirement leadership, naming Jessica Sclafani head of Retirement Strategist team and others to key roles. Launched T. Rowe Price OHA Flexible Credit Income Fund (OFLEX) with Oak Hill Advisors for private/public credit exposure. Assets under management $1.80T as of Feb 28, 2026. Analyst ratings mixed: 11 analysts average "Sell" with price target $101.36 (13.47% upside).
Apr 6T. Rowe Price faces headwinds with analyst downgrades, $1.8T AUM amid fee pressuresNegative▶
T. Rowe Price reported 2025 revenue of $7.31 billion (up 3.12% YoY) and February 2026 assets under management of $1.80 trillion. However, recent analyst activity was negative: Bank of America lowered the price target to $73 from $83 with an Underperform rating, and Morgan Stanley lowered to $107 from $115 with Equal-Weight. Macro indicators suggest a challenging first half of 2026. The company is expanding alternatives while facing challenges in stock performance and fee pressures. Bill Cashel was named head of alternatives for the wealth channel, signaling strategic shifts amid market headwinds.
Apr 3T. Rowe Price faces fee pressure and rising technology costs; Morgan Stanley lowers price target to $107 from $115.Negative▶
T. Rowe Price managing $1.80T in AUM as of February 2026. Morgan Stanley lowered target to $107 from $115 reflecting concerns about profitability. Launched T. Rowe Price OHA Flexible Credit Income Fund to expand alternative offerings. Consensus Sell among 11 analysts with $101.36 target.
Apr 2T. Rowe Price faces analyst sell rating amid $1.8 trillion AUM but expanding alternative investments.Negative▶
T. Rowe Price stock experienced downward pressure after earnings beat revenue but highlighted fee pressure and rising technology costs. The company holds $1.80 trillion AUM as of Feb 28, 2026 (up from $1.776T end-2025). 30/90-day returns of +7.16%/-15.56% show fading momentum. TROW recently launched alternative credit fund OFLEX with Oak Hill Advisors and appointed Bill Cashel as Head of Alternatives. Board declared $1.30 quarterly dividend. Analysts rate TROW as 'Sell' with 12-month target of $101.36 (11.69% upside).
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TROWT | $103.53 | +0.63% | +15.2% | 10.8x | 1.52 | $22.4B |
| BLKBLACKROCK | $1,064.80 | -0.08% | +11.1% | 17.6x | 1.49 | $165.6B |
| BXBLACKSTONE | $126.71 | +0.90% | +11.9% | 16.6x | 1.74 | $153.5B |
| KKRKKR | $103.93 | -0.39% | +14.6% | 13.7x | 1.93 | $96.6B |
| BKBANK | $133.85 | -0.39% | +8.7% | 14.0x | 1.05 | $92.2B |
| APOAPOLLO | $130.72 | +1.55% | +21.3% | 12.1x | 1.56 | $74.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.